Construction Insolvency Solicitors in London, Birmingham & Northampton
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Within the construction sector, companies face heightened susceptibility to cash flow challenges and insolvency compared to other industries in the UK. The factors contributing to this heightened vulnerability include escalating inflation, cash flow constraints, unpaid invoices, and uncertainties stemming from Brexit. We specialise in addressing these unique challenges prevalent in the construction sector.
Our team possesses a unique expertise at the intersection of construction and insolvency law. With over 100 years of combined experience, we have assisted numerous construction companies through financially turbulent periods. Our expertise allows us to assist your company in effectively managing and addressing its challenges. In the event of insolvency, we can provide comprehensive and cost-effective legal assistance.
If you need legal advice with cases of construction insolvency, feel free to get in touch with our expert solicitors at 0300 303 2071 or, alternatively, you can send us an email at info@witansolicitors.co.uk. You can arrange an initial, no-obligation consultation with a member of our team who is based in London, Birmingham, or Northampton.
Who We Can Help
Our team regularly represents insolvency practitioners, employers, contractors, sub-contractors, and lenders, offering expert guidance on the implications of insolvency throughout the contract chain. This includes its impact on novation, step-in rights, set-off, bonds, guarantees, and various security devices utilised for insolvency protection within the chain. In addition to this, we are also able to offer support during winding up petitions and adjudication enforcement.
Are you a Victim of Subby Bashing?
Have you experienced the negative impacts of subcontractor mistreatment? In the construction industry, numerous subcontractors face the unfortunate practice of “subby bashing,” leading to significant financial strains.
Bigger companies often prolong payments to subcontractors, fully aware that these smaller entities lack the means to contest this injustice and are hesitant to jeopardise potential future contracts.
This reprehensible conduct remains distressingly common within the construction domain. Regrettably, many small and medium-sized enterprises (SMEs) throughout the UK are grappling with an outstanding debt of over £50 billion due to delayed payments. If you find yourself trapped in this practice, reach out to us today.
Support with CCJs, Late Payments and Bad Debt
Addressing these issues promptly is crucial. The ramifications of a CCJ against your company extend beyond a mere dent in your credit rating; it can disrupt supplier agreements, impede future loan acquisitions, and lead to a host of creditor-related complications. Ultimately, it might culminate in an alarming scenario where enforcement agents arrive at your premises.
The construction industry is particularly susceptible to a surge in CCJs, which has directly contributed to an escalated rate of business closures. Moreover, this sector grapples with a notably higher prevalence of unpaid invoices, late payments, and problematic debts compared to various other industries.
Our team of Insolvency Solicitors are here to offer their expert advice and guidance tailored to tackling these common financial difficulties. Don’t delay in reaching out for a free, non-obligation introductory consultation with our experts.
Why Opt for Witan Solicitors?
- 100+ Years of Combined Expertise: Entrust your business’s future to a seasoned legal team with well over a century of collective experience in corporate law.
- Proven Success Since 2014: Our extensive track record dating back to 2014 serves as a testament to our unwavering dedication – we’re here to secure success for your case.
- Recognised by Legal 500: Our team of solicitors have been recognised by the Legal 500, helping to affirm our position as industry frontrunners.
- Specialised Proficiency: We are profoundly committed to advancing our expertise and are acknowledged as authorities in our respective fields.
- Multilingual Support: Our insolvency and corporate recovery solicitors are equipped to provide guidance to international clients in more than 10 languages.
- Your Local Insolvency Partners: With offices situated in London, Birmingham, and Northampton, we offer convenient access for addressing your insolvency needs.
Contact Us
If your business is faced with financial challenges with a construction company or project, don’t hesitate to contact our insolvency and corporate recovery solicitors based in London, Birmingham, and Northampton for a consultation with no obligations. You can reach Witan Solicitors by calling 0300 303 2071 or emailing us at info@witansolicitors.co.uk.
